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ONGC

ONGCONGC (Daily): 1. Stock has given Breakout from Ascending Triangle 2. RSI= 67 (bullish sign) 3. Good volumes on Breakout 4. Stock has reversed from 20 Days Exponential Moving Average 5. Stock has broken 52 Week High View Point: 1. Some Quantities of the stock can be added on some retracement for Long Term and some quantity can be added at current levels. Addl Points: 1. FII/FPI have increased holdings from 8.08% to 8.87% in Dec 2021 qtr. 2. Mutual Funds have decreased holdings from 6.52% to 6.19% in Dec 2021 qtr Note: 1. The above analysis is just for educational purpose.
NSE:ONGC
by deeptinseth
ONGC -- INTRADAY SETUP -- 24/02/2022ONGC Intraday pick as on 24/02/2022 . 1>> 15 MIN CHART stock seen trading cmp 160.75 at strong support double bottom area of 160 LEVEL 2> Stock seen trendline breakout at this level. 3> RSI at oversold area 15 min chart moving upword above 30 4> RSI also seen double bottom at this level 5> volume seen Increase in stock last few session. BUY ONGC @ 160.75 TARGET 165-166 Intraday stop loss 157 ** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** please do own anlysis ** trade at own risk. ! HAPPY TRADING. !!
NSE:ONGCLong
by champtrade111
ONGC ready for the uptrend!🤩💸🔥Buy ONGC for Positional Trading as well as Investment.💸🔥💸 Comment your views‼️😄 . 💡About Company: Oil and Natural Gas Corporation Limited specializes in the exploration and production of crude oil and gas. The Company has joint ventures in oil fields in Vietnam, Norway, Egypt, Tunisia, Iran and Australia. . 💡Future Outlook: ONGC’s topline performance is expected to register growth over the forecast period mainly due to the recovery in crude volumes and increase in realization. Revenue from Natural gas and Value-Added products is expected to improve due to the minimization of supply chain disruptions globally. This along with a possible hike in natural gas prices could drive the performance further. . ✔️ Technically & Fundamentally Strong💪💪 The company recently posted an Amazing Q3 Result. . ‼️ The stock gave a Multi-Year breakout in Oct 2021 and then it was in a retracement phase. With the recent start in the trend, a strong rally is expected from current levels. . 💎@technofunda_trader⁠ Few Important rules from my Trading Philosophy:⁠ 1. Don't compromise on the quality of stock. 2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues. 3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%. 4. Build position gradually as the stock rises. ⁠5. Trade in the direction of the bigger trend. 6. Ride the trend, don't sell your winners early. . Like, Comment & Share 😄😄😄
NSE:ONGCLong
by technofunda_trader
ONGC: Chart setup Follow up and important levelsONGC - This is a follow up on ONGC (idea posted on 30 Dec 2021) - the stock has seen momentum once we saw breakout from the down trend channel around 148 - despite the broader market volatility and weakness, ONGC has been one of the strong candidates who has stood tall - it is now positioned at another important level... near the top made in Oct 2021 - if the red zone is crossed and sustained, it would give another breakout and target zone for the breakout would be around 185 / 205 / 213 levels ( the final target is consistent with our view posted on Sept 22, 2021) - Important Support at 162 / 160 / 158 and 50 day EMA support is around 153 odd levels Take care & safe trading....!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:ONGCLong
by indiamarketoutlook
2
ONGC Descending Channel BREAKOUT - Bullish | Target 190NSE:ONGC has given a amazing breakout from Descending Channel Pattern at the level of 145. A amazing Swing trading opportunity can be grabbed from here. Go through the details mentioned on the chart. SETUP Entry - 145 - 148 SL - 135 TARGET - 162, 170, 190 Enter 50% QTY now and Rest can be added at Retest of the support REASONS OF THIS TRADE 1. Fundamentally Strong Company 2. Price is above 1200, 100, 50 & 20 Days EMA 3. RSI is also at good level of 54 4. Channel pattern Breakout. 5. Retest From Support can give amazing Return 6. Attractive Risk reward Ratio 1 : 2.5 THANK YOU BY - @akshaybatra020
NSE:ONGCLong
by akshaybatra020
ONGC: Chart set up and important levels to plan your tradeONGC Observations - stock is currently in short term downtrend - stock trading below it's 20 day and 50 day EMA currently around 141 and 144 respectively - 200 day EMA currently around 129 128 acted as resistance previously and could possibly act as Support now - Blue Trendline support also comes around 130 odd levels - So we see multiple support levels around 128 - 130 odd levels Momentum might come on sustaining above 144-148 zone. Medium term target 158 and on a slightly longer term horizon the stock may attempt 185 / 220 odd levels There you go. Important levels has been given. Trust this would help you in planning your trade. Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:ONGCLong
by indiamarketoutlook
4
Simple Trade Setup | ONGC | 09-12-2021 [ INTRADAY]NSE:ONGC Observations: 1) On 1Day time frame, we can see that it faced resistance from 21DMA and it is between 10DMA and 21DMA. 10DMA is placed at 145.82 and 21DMA is placed at 150.19 level. Breakout on either side will give good move. Please refer below chart : 1 day Time Frame. 2) Also on 1Day time frame, we can see that it is trading in flag of "bullish flag and pole" pattern. If it gives sustainable breakout of this pattern then we can see a good bullish upmove. Please refer below chart : 1 day Time Frame. 3) Also on 1Day time frame, we can see that it is forming Rounding bottom or Cup and handle pattern. Immediate breakout level is at 150 and major breakout level is at 160 level. Immediate support is seen at 140 level. Please refer below chart : 1 day Time Frame. ------------------------------------- Trade Setup for Date: 09-12-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:ONGC
by Trading_hawk
5
ONGC Can fly after taking support in descending channel patternONGC is continuously making a descending channel pattern from 173. After breaking the 20 and 50 days EMA now it is about to touch 100 days EMA and this could work as a strong support for ONGC as there are both supports available at 138 . 1st is Descending channel pattern's trend line and 100 Days EMA also running around 138. You can take entry in it according to provided details on charts. you can hold this scrip for medium term target of 172 if it cross the level of 153 with good volume and retest.
NSE:ONGCLong
by akshaybatra020